绒

Its parts

• 纟 mì form of 糸: fine silk meaning
• 戎 róng generic term for weapons (old) = 戈 + sound

Traditional 絨 is 糹 and 戎.

Other characters with 戎 as their sound:

狨 róng娀 sōng毧 róng羢 róng

Dictionaries file it under 纟.